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Ellington Management Group Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Ellington Management Group, LLC is an investment management firm with more than $15 billion in assets under management (AUM). It currently manages a total of 24 pooled investment vehicles, 21 of which are hedge funds. The firm currently employs 70 advisors.

It's important to understand that hedge funds are often complex, loosely regulated investments and therefore only accessible to accredited investors. If you're looking for trusted and comprehensive support in managing your own finances, consider speaking to a professional financial advisor.

Ellington Management Group Background

Ellington Management Group, LLC is an SEC-registered investment advisor and one of several affiliated entities in the Ellington family of companies, which includes five other investment advisors. The principals and executive officers of the firm also serve in those capacities of certain other partnerships or LLCs that serve as the general partner or managing member of pooled investment vehicles managed by Ellington. The Ellington Group as a whole was formed in December 1994. Ellington Management Group, LLC has been in business since 1995. It is owned primarily by Michael Vranos indirectly through his ownership interest in Ellington's majority owner, EMG Holdings, LP.

The firm provides investment management services to pooled investment vehicles and institutional managed accounts that invest primarily in mortgage-related or mortgage-backed securities, asset-backed securities, related instruments in loans, corporate bonds, equities, credit and other derivatives.

The firm generally provides investment advice to pooled investment vehicles, for example hedge funds, and to institutional clients for whom the firm manages a separate account or dedicated investment vehicle. The client's offering memo will spell out any minimum investment amount and other applicable requirements for investing. As such, minimum investment amounts vary depending on the account.  

Ellington Management Group Investment Philosophy

The firm uses both its own proprietary models as well as external models and computer applications to analyze mortgage-backed, mortgage-related and asset-backed securities, related loans and other instruments, futures, other derivatives, as well as equity securities and futures. The firm's methods and strategies are different across client accounts.

Of course, all current and potential clients should be aware that no investment strategy can guarantee against risk of loss. 

Largest Hedge Funds Managed by Ellington Management Group

Ellington Mortgage Opportunities Master Fund, Ltd.

  • AUM: $3,060,473,016
  • Minimum: $5 million
  • Beneficial Owners: 32

Crescent II Fund, LP

  • AUM: $2,597,483,447
  • Minimum: $0
  • Beneficial Owners: 5

Ellington Special Opportunities LLC

  • AUM: $1,388,943,700
  • Minimum: $1 million
  • Beneficial Owners: 2

Ellington Credit Opportunities, Ltd.

  • AUM: $945,979,862
  • Minimum: $5 million
  • Beneficial Owners: 36

ESO DLD LLC

  • AUM: $781,676,899
  • Minimum: $1 million
  • Beneficial Owners: 5

Fees at Ellington Management Group

Fees at Ellington include fees based on AUM, or assets under management, plus performance-based fees. Specific fee amounts to be paid by investors in the pooled investment vehicles that the firm manages are described in detail in each set of offering materials or agreements.

Beyond this, other additional fees and expenses may apply - including but not limited to registration fees, maintenance fees, certain taxes and regulatory expenses - so it is imperative that potential and existing clients read the offering documents carefully and reach out about specific fees charged to their fund.

What to Watch Out For

Again, it's important to understand that hedge funds are often complex, loosely regulated investments and therefore accessible only to accredited investors. Such investors differ from retail investors or individual investors, who might be taking a more DIY approach or enlisting the services of a financial advisor.

Within the past 10 years, Ellington Management Group has not undergone any disciplinary or legal action deemed material to a client’s evaluation of its business integrity. That said, as an SEC-registered investment manager, the firm is legally obligated to uphold its fiduciary duty and work in clients’ best interests at all times. You can view its latest Form ADV on the official website of the Securities & Exchange Commission (SEC).

Becoming a Client of Ellington Management Group

If you are an accredited investor and wish to become a client of Ellington Management Group, you can visit the firm's website or call (203) 698-1200.

Investing Tips

  • Whether you are an accredited or sophisticated investor or not, it never hurts to consult a professional to make sure you're doing everything you can to manage your finances so that they can work for you. Finding a financial advisor doesn't have to be hard. SmartAsset's free tool matches you with financial advisors in just five minutes. If you're ready to connect with local advisors, get started now
  • It's never too early - or too late, for that matter - to start investing. In addition to connecting you with expert advisors, SmartAsset also has various tools to help you get a snapshot of the numbers right now. Take a look at our free investment calculator for a sense of how much a particular investment might be worth as well as its growth over time.

How Long $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.